Here's what's happening around the Web this morning:

Miranda Kerr Returns To The Runway Two Months After Giving Birth
Miranda Kerr was back on the Balenciaga runway a mere two months after giving birth to her son. We're thinking we should at least put the ice cream away.
[Daily Mail]

Ugg Australia Launches "Rugged Luxury" Line
Your sheepskin boot is about to get a luxury upgrade. Ugg Australia will debut its higher-end Ugg Collection line in September.
[WWD]

John Galliano's Own-Label Show Gets Canceled
So long, spectacle. Sunday's runway show for John Galliano's eponymous label has been downsized to a lower-key presentation.
[AFP]

Balmain's Christophe Decarnin Rumored To Be In "Mental Hospital"
Fashion news that threatens to eclipse the Galliano debacle? Balmain's Christophe Decarnin was missing from his show yesterday, sparking rumors the designer's had a nervous breakdown.
[Hint Mag]

Emma Watson Designs "Green" Capsule Collection With Alberta Ferretti
Green queen: Emma Watson's environmentally friendly range with designer Alberta Ferretti, Pure Threads, launches online this month.
[WWD]